Principal Financial Group, Inc. $PFG Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in Principal Financial Group, Inc. (NYSE:PFG) by 29.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,768 shares of the company’s stock after buying an additional 71,096 shares during the period. American Century Companies Inc. owned about 0.14% of Principal Financial Group worth $25,683,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Principal Financial Group during the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC raised its holdings in Principal Financial Group by 5,533.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after purchasing an additional 332 shares during the period. Financial Consulate Inc. purchased a new position in Principal Financial Group during the third quarter worth approximately $46,000. CYBER HORNET ETFs LLC acquired a new stake in Principal Financial Group in the second quarter valued at approximately $45,000. Finally, MUFG Securities EMEA plc acquired a new stake in Principal Financial Group in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Principal Financial Group Stock Down 1.3%

NYSE PFG opened at $92.26 on Monday. The business has a fifty day moving average price of $92.39 and a 200 day moving average price of $86.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The company has a market cap of $20.01 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.76 and a beta of 0.87. Principal Financial Group, Inc. has a one year low of $68.39 and a one year high of $97.88.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Monday, February 9th. The company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter last year, the firm posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Research analysts anticipate that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.79. The ex-dividend date is Wednesday, March 11th. Principal Financial Group’s dividend payout ratio (DPR) is currently 60.72%.

Insider Activity

In related news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the sale, the chief executive officer owned 136,828 shares of the company’s stock, valued at approximately $12,998,660. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,965 shares of company stock valued at $2,352,460 in the last ninety days. 1.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on PFG shares. Piper Sandler boosted their price objective on Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Barclays reiterated an “underweight” rating and set a $85.00 target price on shares of Principal Financial Group in a research report on Thursday, January 8th. Wells Fargo & Company raised shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $91.00 in a report on Wednesday, February 25th. Morgan Stanley upped their price objective on shares of Principal Financial Group from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Bank of America increased their price objective on shares of Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.11.

About Principal Financial Group

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.